Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - consumption map
Oil Prices Won't Recover Without Significant Increase In Demand
Forbes - 4/23/2015 5:07:37 PM
National initiatives in many countries aimed at reducing oil consumption could ... according to Bloomberg New Energy Finance. The overall oil-consumption-to-world-GDP ratio declined by 60 percent between 1980 and 2013, with most of the decline accounted ...
China: The Global Demand Side Of The Oil Price Equation
Seeking Alpha - 4/25/2015 3:07:44 AM
They partner with third world countries offering a package which includes development ... It is a startling fact that between 2000 and 2010, China's oil consumption doubled making China the world's second largest oil consumer behind the U.S. More startling ...
Why this oil price collapse could be different
FORTUNE - 4/27/2015 4:48:34 PM
domestic U.S. oil companies were gutted by cheaper producers around the world. Our production shrank while consumption increased. Imported oil—much of it from countries whose foreign policy goals do not align with ours—filled in the gap. Our domestic ...
Oil consumption to rise to 400 000 bpd by 2023 — BMI
Vanguard - 4/20/2015 11:37:44 PM
BUSINESS Monitor International has said the prices of oil consumption in Nigeria is expected to ... government departments and multilateral organisations in over 125 countries around the world. According to the report, the increase is credited to ...
Oil, Currencies And Diverging Monetary Policies: The Global Economy
investing.com - 4/26/2015 7:31:24 AM
Although growth is expected to be around 3.5%, the picture varies by region and country The world economy has recently been dominated by two factors. First, the sharp decline in oil prices ... by investment to one led by consumption.
Mixed views on report about oil hitting US$100 by September
bakken.com - 4/27/2015 4:41:24 PM
Citing five reasons why oil ... in consumption slowed last year, the early signs are that demand is beginning to pick up, led by developed markets that are responding to a period of lower prices. The Organisation of Petroleum Exporting Countries (Opec ...
Saudi Arabia has a 'solution' to the global surplus of oil
Al Bawaba - 4/26/2015 5:01:05 AM
The world's biggest oil exporter ... pressure high cost producers, why hold oil back on spare capacity? Use it all and use it now." Output surge The biggest member in the Organisation of Petroleum Exporting Countries (Opec) boosted output to 10.1 million ...
Saudi Prince Sees ‘Excellent’ Oil Market as Kingdom Pumps On
Bloomberg - 4/28/2015 1:02:29 AM
Saudi Arabia, the world’s biggest oil exporter ... the International Energy Agency reported on April 15. Saudi Oil Minister Ali al-Naimi has stressed that his country won’t yield market share to higher-cost producers and said in the capital Riyadh ...
UAE has 4% of world's oil and 3.5% of gas reserves: Energy minister
Emirates247 - 4/16/2015 4:40:08 PM
The UAE has four per cent of the world's oil reserves and nearly ... He said the current UAE oil production accounts for nearly 10 per cent of the Organisation of Petroleum Exporting Countries (Opec) production, noting that Abu Dhabi hosts the ...
Venezuela oil revenue declines by $24b in 2014
customstoday.com.pk - 4/27/2015 12:59:30 PM
CARACAS: Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue ... The fact that the country holds the world’s largest ...
Saudi Arabia Has a Solution to the Global Oil Glut Problem
Yahoo Finance - 4/24/2015 12:48:44 PM
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. The world’s biggest oil exporter ... in the Organization of Petroleum Exporting Countries boosted output to 10.1 million barrels ...
How Are Countries' Business Cycles Moving Together These Days?
econintersect.com - 4/27/2015 5:21:22 AM
 Business cycle synchronicity might occur because countries experience shocks common to all countries (e.g., oil price shocks that increase ... Similarly, 9 percent and 7 percent of deviation in world consumption and investment growth, respectively ...
The Impact of Global Oil Consumption: OECD vs. Non-OECD
Investment U - 1/27/2012 3:33:21 PM
The Organization for Economic Co-operation and Development (OECD), headquartered ... Energy Agency (IEA), tells all. Oil consumption from emerging market countries (have-nots) is just about to eclipse that of the old world (haves). Check it out: This ...
World Oil Consumption – 3D Charts in Google Earth
Google Earth Blog - 2/26/2007 11:58:23 PM
World Oil Consumption by Country – height based on barrel of oil per day World Oil Consumption Per Capita by Country Here are some interesting notes on what he did to produce the “Per Capita” chart: I had to mess with this data a little bit to get it ...
Why Alternative Energy Isn’t Taking It on the Chin (Despite Low Oil Prices)
NASDAQ - 4/27/2015 12:02:14 PM
The axis of energy consumption is shifting away from the ... Nigeria is the largest exporter of oil in Africa, and the 10th in the world. Unfortunately, the country has a terrible refinery sector and produces only 15% of the electricity Nigeria requires ...